Vanguard Group Inc. Acquires 75,627 Shares of Extra Space Storage Inc $EXR

Key Points

• Vanguard Group increased its Q4 holding by 75,627 shares to 34,506,450 shares, owning about 16.26% of Extra Space Storage (≈$4.49 billion position).
• Extra Space Storage beat Q4 expectations with $2.08 EPS (vs. $2.03) and $857.47 million revenue, and issued FY2026 guidance of $8.05–$8.35 EPS (analysts' consensus 8.24).
• The firm pays a quarterly dividend of $1.62 (annualized $6.48) for a ~4.6% yield, though its payout ratio is elevated at 140.87%.

Vanguard Group Inc. boosted its holdings in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,506,450 shares of the real estate investment trust's stock after acquiring an additional 75,627 shares during the period. Vanguard Group Inc. owned about 16.26% of Extra Space Storage worth $4,493,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EXR. Avalon Trust Co purchased a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc grew its position in shares of Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after buying an additional 80 shares during the last quarter. Davis Capital Management purchased a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $35,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust's stock worth $35,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company's stock.

Extra Space Storage Stock Performance

Shares of NYSE EXR opened at $139.61 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a 50 day simple moving average of $140.79 and a two-hundred day simple moving average of $138.51. The stock has a market cap of $29.49 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.85 and a beta of 1.26.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business had revenue of $857.47 million during the quarter, compared to analysts' expectations of $732.92 million. During the same period in the previous year, the business posted $2.03 EPS. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts predict that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, March 16th. Extra Space Storage's payout ratio is presently 140.87%.

Analyst Ratings Changes

A number of analysts recently commented on EXR shares. BNP Paribas Exane upgraded shares of Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 target price for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lifted their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a research note on Monday, March 23rd. UBS Group lowered their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, January 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Finally, Scotiabank lifted their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $143.67.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

Extra Space Storage Company Profile

Extra Space Storage NYSE: EXR is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.

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